How high taxes and a mixed economy made America great

Progressives

Much like our own era, the turn of the 19th Century was dominated by wealthy interests and corruption. The progressive political movements that responded to it brought America into its greatest era of general prosperity.

Donald Trump’s campaign slogan, “Make America Great Again,” triggered an important conversation in American politics. On one hand, it was vague enough that Americans could write whatever fantasy they wished onto it. On the other hand, it forced us to ask: when was America great? Depending on your position in the social-economic-racial strata, the answer might be never. But there’s one era for which most Americans share a nostalgic sense of glory: the first few decades after World War II.

We were riding high then. The Greatest Generation had just won the planet’s deadliest and most far-reaching conflict to date. In the following decades of the 1950s and 60s, the American middle class boomed and prosperity was widely shared among the population. People of color made meaningful civil rights gains as the evils of white supremacy began to be more forcefully confronted. And all while the American dream was being realized, the country was the highest-taxed it has ever been. Continue reading

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